Africa

IMPERIALISTIC AFFECTS OF MONOPOLISM ON AFRICAN SOCIETIES SUCH AS ZAIRE: De Beers I. AFRICA Africa is a country well known for its natural resources and the thirst the west has had for these resources. Some of these resources include diamonds and chromioum, gold, cobalt, uranium, phosphates, platinum, coal, petroleum, natural gas, iron ore and land. It also has bauxite, nickel, manganese, copper, cocoa, coffee, palm oil and wild life. Unfortunately the world has known about …

…over the diamond mines. Today, the Zairians deal with an Israeli diamond company, Dan Gertler Diamonds, giving the company exclusive rights to buy their production. The contract, giving Dan Gertler Diamonds rights to a potential diamond flow of 600 million dollars a year, has led to a significant decrease in official diamond exports. De Beers’ control over the diamond mines has decreased significantly yet despite the minor improvements Zaire has yet to see its economy rebound.